PM Malcolm Turnbull
PM Malcolm Turnbull

One of the world’s largest conglomerates has agreed to expand its operations in Australia, after a visit by the Prime Minister, The Hon. Malcolm Turnbull MP.

Tata Consultancy Services (TCS) announced today it will open a new TCS Innovation Lab in Australia, after a one-on-one meeting between Prime Minister Turnbull and the CEO and Managing Director of TCS, Rajesh Gopinathan.

The Prime Minister Malcolm Turnbull toured the TCS headquarters in Mumbai yesterday as part of his three day visit to India.

The new facility in Australia will operate as a collaborative space for TCS and its industry partners, employing the best Australian talent, and utilising the company’s vast network of expertise in innovation.

It will complement the Turnbull Government’s Innovation and Science agenda, delivering crucial investment across a range of sectors, including financial services, aviation and retail.

TCS says it will spend the next six months reviewing suitable locations for the lab.

The facility will enable Australia to benefit from the research being carried out by the company – and the technological breakthroughs being made – at a network of TCS Innovation Labs worldwide.

Currently, there are nine such labs: in the UK (Peterborough), North America (Cincinnati) and India (Pune, Hyderabad, Chennai, Mumbai, Delhi, Bangalore, and Kolkata).

The announcement reflects the Turnbull Government’s commitment to invest in science, technology, engineering and mathematics in Australia.

This is an excellent outcome for Australian jobs and innovation.

CEO and Managing Director of Tata Consultancy Services, Rajesh Gopinathan said “TCS has a long history of innovation working with our clients across Australia. I am delighted to take this partnership to a new level in pursuit of Prime Minister Turnbull’s Science & Innovation Agenda.”

The Tata Group is India’s largest conglomerate, and operates across a range of industries including automotive, steel, energy and consumer goods. Some of its brands include Jaguar, Land Rover and Tetley Tea.

Tata Consultancy Services (TCS) employs 378 000 people worldwide, including 3000 in Australia. It provides IT services, consulting and business solutions. Its clients include Qantas, Westpac and AGL.

Prime Minister of Australia Malcolm Turnbull